Business news from Ukraine

Business news from Ukraine

“Continental Farmers Group” has completed threshing sunflower with yield and oil content higher than planned

7 October , 2024  

The agricultural holding Continental Farmers Group has completed threshing sunflower from 13 thousand hectares with a yield higher than planned and oil content of more than 50%, the press service of the agricultural holding reports.
“Although high temperatures during the flowering period somewhat reduced the expected potential of the crop in some regions, Continental still notes good quality of the harvested sunflower, its high oil content of more than 50% and yields above the target,” the statement said.
Currently, the agroholding has focused all its efforts on threshing soybeans, for which 46.5 thou hectares were allocated in the 2024 season. Both own and hired machinery are used to harvest the crop.
“We have started threshing corn only on a few areas where the moisture content is already at the basic level. This accelerated maturation of the crop was caused by a hot and dry August. However, we plan to start intensive corn harvesting in the second half of October in most fields. In total, we have 28.5 thou hectares of the crop to thresh,” explained Konstantin Shityuk, COO of Continental.
He noted that October will be the busiest period of the harvesting campaign for the agricultural holding. Weather conditions at the beginning of the month will largely determine whether the harvest season will be successful. Continental expects to complete the main field work on schedule and remains optimistic about crop yields.
The harvesting of sugar beet and potatoes continues on Continental’s fields, which this season occupy 3.2 thousand hectares and 1.8 thousand hectares respectively. For both crops, farmers are getting good intermediate results, with favorable weather conditions providing sufficient soil moisture for high-quality harvesting with minimal damage.
Mriya Agroholding and CFG, united under the name Continental Farmers Group, have been operating as a single business since November 2018, when Mriya entered into an agreement with international investor Salic UK to sell its assets.
Salic was founded in 2012. Its sole shareholder is the Saudi Arabian Public Investment Fund, which invests in agricultural and livestock production.